It's sad to see a big company such as Chrysler filing bankruptcy. Chrysler was such a big company years ago. So many people used to work there and it is the back bone of our economy. The top executives in the company should have taken action to prevent this from happening.

If these executives were so "smart", why did they make so many terrible decisions that affected the company's future? What were they thinking?

I think it's a good idea if this is the only way they can stay afloat in the long run. I guess they didn't have much choice when it came down to it. I agree though bad decisions must be what brought them to this point. Apparently Fiat want to make smaller hybrid cars which has to be a good idea in this day and age. I hope it all goes smoothly. One think that I haven't heard reported on the news though is what will happen to the employees?

I guess that could be slightly coded political language yes. Obama remains, a politician whether some think he's the saviour of the world or not. I actually think he's got a lot in common with Tony Blair. I think the spin is very slick and well presented and these kinds of statements are certainly open to interpretation. If the worst happens to these Chrysler employees they can say, "we said in the short term that no jobs would be lost and they weren't". Hmmm.